News About: Distribution
Geo-young Corp. Generated 585 Billion Won of Revenue in Year 2004
It is reported that Geo-young Corporation, a domestic holding company specialized for pharmaceutical goods distribution, generated 585 billion won of total revenue in Year 2004.
In its announcement on January 4th, ...
KFDA to Strengthen Quality Inspections on Pharmaceuticals in the Market
The Korea Food and Drug Administration (KFDA) recently expressed its plans to strengthen the current administrative efforts on ensuring high qualities of pharmaceutical products that are currently being available in t...
Wholesalers Ask for Government's Financial Relief Provision
In response to an announcement made by the Ministry of Health and Welfare (MOHW) on its provision of an expedited insurance reimbursement payouts to the medical service providers and the pharmacies, the local wholesal...
Forced Actions to Increase OTC Sales Put More Burdens on Local Wholesalers
A recent report indicates the local associate wholesalers that are under the contractual partnership with the Zuellig Pharma Korea (ZPK), an exclusive distribution outsourcing service entity for the pharmaceutical man...
KAPW Seeks Improved Margin and Collateral Considerations from Pharmaceutical Manufacturers
In his new year message, the Korea Association of Pharmaceutical Wholesaler (KAPW) Chairman Ju Man-gil made a number of suggestions to the pharmaceutical manufacturing industry and to the government, in an effort to i...
Competition among Manufacturers of Cold Medicines Intensifies
As the temperature plunges under its freezing level, there is a fierce competition among the pharmaceutical manufacturers of cold medicines to win their shares of seasonal demand in the market, and this drives the ove...
Minimum Wholesale Profit Margin Suggested to Pharmaceutical Manufacturers
In order for a domestic pharmaceutical wholesaler to become a competitive and optimal partner that would properly meet the expectations by drug manufacturers, the minimum wholesale profit margin of 10% must be guarant...
Transfer of Pharmaceutical Wholesale Vendor Permit Regulations to Local Authorities
The 18-member Health & Welfare Committee of the National Assembly recently proposed amendments to the Korea Pharmaceutical Affairs Law, mainly focused on transferring permit approvals and cancellations of the pharmace...
Lack of Wholesalers’ In-House Pharmacists Could Lead to Permit Cancellation
The Korea Association of Pharmaceutical Wholesaler (KAPW) recently made a suggestion to its member wholesalers to pay extra attention on employment of their in-house pharmacists.
As the year approaches to end, th...
More Concerned Voices Towards Zuellig’s PracticesIn light of recent clashes between Zuellig Pharma Korea (ZPK) and the Korean Association of Pharmaceutical Wholesaler (KAPW) over ZPK’s accused unfair transaction acts with the ...
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